IT sector earns highest salary in India : Monster

Monster has launched the ‘Monster Salary Index’ aimed at successfully empowering jobseekers with a benchmarking to compare their salaries with other anonymous profiles across a broad spectrum of industry domains, experience, functional groups both in India and other global markets. For employers, MSI is an online salary survey that aims to provide employers with practical information and helps them make informed decisions by analyzing the salary market and optimizing employee remuneration. 

Analysing the trends of the Indian market, the report shows that with a median gross salary of Rs 291.0, finance is the second most lucrative sector. Employees in this field are highly educated, and for these it reflects in their salaries with an average of Rs 300 per hour.

Overall the Monster Salary Index shows the following median salary trend across sectors in India.

Focussing on other sectors, the report reflects that the median salary gap between the highest paying industry and the lowest is as high as 45%. Those in the IT sector in India earn on average Rs 341.8 per hour which is by far the highest salary of all sectors. However, the IT sector is not immune to the gender gap. On average, women earn around 34% less than men in the sector. Remarkably, 61% of the of the IT sector expressed satisfaction with their life overall.

The report brings to light the fact that employees in education sector get the lowest hourly salary of Rs 186.50 per hour. This can be attributed to the fact that there are relatively more women working here than in other sectors who are paid 18% lesser than men in the same sector. See more